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“#‘Meme’ mob behind Gamestop frenzy may imperil soaring AMC” Adam Aron says he wants to increase his Twitter following to include about 1,000 more professed small-investor shareholders of the company he runs, AMC Entertainment. His goal is to better “understand this phenomenon that has changed who owns AMC.” But based on the type of AMC…
“#Robinhood loses bid to block Massachusetts regulators’ case against it” A Massachusetts judge on Thursday rejected Robinhood’s bid to block state regulators from moving forward with their enforcement action alleging that the online brokerage encourages inexperienced investors to place risky trades without limits. Suffolk County Superior Court Judge Kenneth Salinger said Robinhood could continue challenging in court the…
“#GameStop and AMC shorters lost $930 million” Investors are estimated to have lost $930 million on their short positions in meme stocks GameStop and AMC Entertainment over the last five trading days, data from financial analytics firm Ortex showed on Tuesday. Shares in GameStop, which was at the heart of the so-called “stonks” retail trading mania…
“#’$40 billion’ Robinhood app tries to vault SEC hurdles” It’s a lot of money for a stock-trading app that’s supposedly free. Robinhood is slated to launch an initial public offering before summer’s end that could value the Silicon Valley-based company at $40 billion or more, people close to the underwriting group say. That would make…
“#PS5 Restock May Update, New Possible Restock Dates – All Details” By monitoring speculated PS5 restocks on Twitter and checking up for mystery PS5 drops from a handful of distributors, we’ll be able to assist you to obtain PS5 stock when it becomes available. Furthermore, we’ve compiled a list of major US stores that supply…
“#SEC’s Gary Gensler eyes crackdown on apps that ‘gamify’ trading” Wall Street’s new top cop said he’s fixing his gaze on the rising use of social-media apps for stock trading — and a clampdown may be coming. Gary Gensler, the new chairman of the Securities and Exchange Commission, told the House Financial Services Committee on…
“#GameStop signs lease for massive distribution warehouse, ditches debt” GameStop said it has signed a lease for a 700,000-square-foot distribution warehouse on Monday, even as it announced it has retired its corporate debt earlier than expected. The warehouse facility in York, Pa., which will support the Texas-based retailer’s e-commerce business, is expected to be operational…
“#GameStop execs to collect $269 million on their way out” Four top GameStop executives being pushed out of the company will get a sizeable parting gift — with their vested stocks valued at roughly $290 million. GameStop CEO George Sherman could walk away with $169 million if he sells his 1.1 million shares in the…
“#GameStop CEO George Sherman to step down, lifting the retailer’s stock” GameStop shares shot up on Monday after the company announced plans to search for a new chief executive officer to help accelerate the company’s transformation into a digital retailer. GameStop CEO George Sherman will step down on July 31 or sooner depending on the…
“#Robinhood sues Massachusetts over regulatory clampdown” Online brokerage Robinhood on Thursday sued to invalidate Massachusetts’ recently-adopted fiduciary rule and block state regulators from proceeding with charges it encourages inexperienced investors to place risky trades without limits. Robinhood in a lawsuit filed in state court in Boston said the fiduciary standard of conduct for broker-dealers that…